SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report
July 18, 1995
ITEM 5. OTHER EVENTS.
On July 11, 1995, CACI signed a Letter of Intent to acquire all of the stock of Automated Sciences Group (ASG) for $5.3 million in cash, payable over 3 years. The acquisition will be subject to due diligence, and approval of a detailed acquisition agreement by each Company's Board of Directors.
ASG has generated approximately $20 million per year in revenue and provides information technology, engineering and enironmental services to the Departments of Defense and Energy. ASG is headquartered in Silver Spring, Maryland, and has major offices in Dahlgren, Virginia, Huntsville, Alabama, and Oak Ridge, Tennessee. Based upon ASG forecasts, the acquisition should provide at least $400,000 in earnings during the first full year of operations with further contributions in later years.
A copy of CACI's July 14, 1995 press release regarding the Company's execution of a Letter of Intent to acquire ASG is attached as an Exhibit to this Report on Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(99) (a) Press Release of July 14, 1995 announcing execution of Letter of Intent to acquire ASG.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
By: /s/
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Jeffrey P. Elefante
Sr. Vice President,
General Counsel &
Corporate Secretary
Dated: July 18, 1995
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Exhibit (99)(a)
July 14, 1995
CACI Announces Intent to Acquire
Automated Sciences Group
Arlington, VA -- CACI International Inc (NASDAQ: CACI) announced today that they have signed a Letter of Intent to acquire Automated Sciences Group (ASG) for $5.3 million in cash, payable over 3 years. The acquisition will be subject to due diligence, and approval of a detailed acquisition agreement by each Company's Board of Directors.
ASG generates approximtaely $20 million per year in revenue and provides information technology, engineering and environmental services to the Departments of Defense and Energy. ASG is headquartered in Silver Spring, Maryland and has major offices in Dahlgren, Virginia, Huntsville, Alabama, and Oak Ridge, Tennessee. Based upon company forecasts, the acquisition should provide at least $400,000 in earnings during the first full year of operations with further contributions in the out years.
Chairman, President and CEO Dr. Jack London said, "We continue to execute our strategic plan for growth. ASG is an excellent fit with CACI as it provides further geographic and customer diversity in a market that we understand well. ASG is comprised of approximately 200 outstanding individuals whom we believe will make a significant contribution to CACI's future. They are highly valued by their customers, and we look forward to having them join Team CACI."
CACI is an international information technology products and services corporation. The company specializes in developing and integrating systems, software, and simulation products in support of government agencies and commercial enterprises worldwide.
For further information contact:
Samuel Strickland Douglas Poretz CACI International Inc Douglas Poretz, Ltd. (703) 841-7800 (703) 506-1778 |